Developer planning 252 apartments on west side of Carmel
The project proposed by Carmel-based REI Real Estate Services calls for 11 two- and three-story apartment buildings along North Michigan Road.
Residential Real Estate
Articles
Indiana AG sues owner, manager of Indianapolis apartment complex
The complaint lists problems alleged by seven residents involving repairs that were never made, incorrect bills that caused financial hardship, and general difficulties in contacting and dealing with management.
HGTV is making our homes boring and us sad, one study says
According to a new report, home makeover shows can lead many homeowners to worry about whether their decorating decisions will make their homes less appealing to buyers, even if they have no plans to put the house on the market.
Prime Meridian Hills site sold after nearly 5 years, with high-end houses on the way
The largely wooded land—one of the few remaining undeveloped residential sites in Washington Township—was originally listed for $1.9 million in late 2018.
Home construction rise in Hamilton County bucks area trend
Single-family building permit filings in central Indiana have fallen on a year-over-year basis for the past 17 months and in 20 of the past 22 months.
Indy rental assistance program ‘temporarily’ halts applications
The IndyRent program “pause” is to ensure renters who have filled out an application can be given the remaining funding, according to the city. Indianapolis renters have recently experienced a higher rate of evictions than the rest of the nation.
U.S. home sales inch up amid record-low inventory, biggest annual drop in prices since 2011
The U.S. housing market has yet to emerge from a slump that started a little more than a year ago, when the average rate on a 30-year mortgage began to climb from ultra-low levels.
Lennar Homes planning 96 townhouses in Lebanon near LEAP district
The plan commission voted unanimously to recommend the rezoning request for Corbett Towns, which include 17 new buildings on 12 acres of undeveloped land.
Eviction filings 50% higher than in pre-pandemic in some cities as rents rise
After a lull during the pandemic, eviction filings by landlords have come roaring back, driven by rising rents and a long-running shortage of affordable housing.
Housing slowdown leads to first annual drop in U.S. homeowner equity since 2012
All told, U.S. homeowners with a mortgage lost a combined $108.4 billion in home equity between the first quarter of last year and the first three months of 2023.
Many Hoosiers aren’t making enough to afford rent, report finds
Being able to afford rent, according to the report, means spending no more than 30% of your income on housing. With fair market rent for a two-bedroom home at $988 per month, wages are just not keeping up.
Developer moving ahead with revised apartment plan for former school
Chicago-based William Management expects to spend at least $14 million to redevelop the former, century-old school building and build a second structure, with the buildings totaling 70 apartments.
Central Indiana existing-home sales fall for 16th straight month
The amount of time homes are spending on the market in the Indianapolis area is soaring compared with a year ago, but median sales prices are still on the rise.
Developer set to spend $51M on apartments, townhouses at Central State site
An Ohio-based firm plans to seek tax credits in its effort to develop dozens of apartments and townhouses on a seven-acre tract of land on the western edge of the Central State Hospital campus in Indianapolis.
Zionsville Town Council OKs rezoning for 260-acre Wild Air development
Plans for the Wild Air development call for 399 single-family houses and townhouses, as well as 300 apartments.
Downtown gas station owner planning apartments, retail next door
The owner also wants the city to vacate its right to an alley between the properties, which he says has become a “safe haven for crime and inappropriate and lewd behavior.”
Home construction rise in Marion County bucks area trend
The Indianapolis area continued to see a slump in residential construction last month despite a big jump in single-family building permits in Marion County.
Developer looks to build 400 homes near LEAP district in Lebanon
The proposal calls for Spring Creek to be divided into four areas that include 170 single-family houses, 130 duplex units, 100 townhouses and 25 acres of commercial space.
Central Indiana existing-home sales fall for 15th straight month
Homes are spending much more time on the market than they did a year ago, but median prices are still on the rise.
Developer breaks ground on 30-acre senior living community in Noblesville
Plans call for Promenade Trails to include 151 apartments and 59 for-rent cottages for people ages 55 and older. The first cottage residents are expected to begin moving in later this year.